Kaye Scholer’s well-known Finance Department serves leading US and international money centers, banks, commercial finance companies, insurance companies, merchant banks, buyout funds and other corporate borrowers in complex and traditional debt financing transactions. Our dedicated lawyers understand the intricacies involved with a broad range of domestic and international financing transactions and efficiently deliver market-advancing solutions. We are ranked as a Top Tier practice for securitization and finance law, and equally singled out for our strengths in areas including structured finance and derivatives, syndicated and leveraged finance and project development and finance, with particular focus in the energy and infrastructure, transportation and financial institution regulation sectors.

The Numbers: Our Accomplishments

$60 billionMultitranche, multicurrency transaction we structured, negotiated and executed to help stabilize Swiss financial system

40+Lawyers in Finance Department

5 out of 6Number of first-ever, award-winning A5 A-model roads PPP we advised

7Consecutive years ranked by Chambers USA in Capital Markets: Securitization

Capabilities: How We Do It

We are nationally and internationally recognized for our unparalleled skills and service in the following areas:

Secured and unsecured loans

Domestic and international loan syndications

Acquisition financing

Asset securitization and structured finance

Asset-based financing

Loan workouts and debt restructuring

Trade and supply chain finance

Interest rate and currency swaps and other derivative products

Leveraged leasing

Project development and financing

Aircraft, rail and other asset financing

Recapitalizations

Aviation

Leading private equity fund:In its role as investment advisor for the third party institutional investors in the equity of a $360 million aircraft engine asset-backed securitization, involving the purchase of 32 aircraft engines from GE Capital Aviation Services (GECAS).

Majorinvestment bank:On its acquisition of a portfolio of 27 commercial aircraft-secured loans, as well as on the subsequent securitization or sales of certain of the acquired aircraft-secured loans. In addition to the transactional complexity, the securitization of certain of the acquired aircraft-secured loans was notable because it was one of the first such securitizations since the financial crisis.

Spirit AeroSystems Inc.:In a $1.2 billion debt refinancing, including a $550 million term loan B and a $650 million revolving credit facility.

Energy

Infigen Energy: In its $95 million acquisition of the direct and indirect Class A tax equity interests in nine US wind farms with a total installed capacity of 804 MWs. In addition to negotiating the acquisition and financing arrangements, we also advised on FERC issues and unique tax issues associated with production tax credits available to wind farm projects in the US.

This transaction was the first-of-its-kind solar ABS as a purely commercial portfolio.

Financial Services

European Investment Bank (EIB): As senior and LGTT (mezzanine) lender on the financing of the award-winning A5 A-model roads PPP. We advised on five out of the first six German A- and V-model roads PPPs in different roles as counsel to the lenders or the sponsors.

UBS: In a $60 billion dollar government intervention to provide global financial assistance to UBS and contribute to the stability of the Swiss financial system, including structuring, creating, negotiating and executing a multitranche, multicurrency, transaction involving (i) the worldwide sale of multiple classes of troubled assets (including whole loans, CMBS and RMBS, consumer-backed securities and collateralized debt obligations) and the synthetic transfer of complex risks in bespoke US and European credit derivatives and hybrid vehicles, to a Swiss partnership controlled and financed by the Swiss National Bank, (ii) the identification and resolution of state, national and international regulatory, tax and competition issues, and (iii) advice regarding on-going global asset management issues affecting the portfolio of assets transferred.

Manufacturing

Fairmount Minerals (a leading global producer of high-grade sand products for industrial applications): In the acquisition of FTS International’s (FTSI) proppant business, and a concurrent $1.285 billion refinancing, consisting of an $885 million term loan-B2, a $325 million term loan-B1 and a $75 million revolving credit facility.

Redwood Trust: In the structuring, approval and documentation of a new mortgage loan purchase and securitization program involving members of the Federal Home Loan Bank system.

Retail

Debussy DTC PLC: As issuer in a £263 million CMBS transaction arranged by Cairn Capital in order to refinance the UK property portfolio of Toys “R” Us. Backed by Toys “R” Us suburban big box retail stores.

This was the first non-prime European commercial real estate securitization transaction since the 2008 financial crisis.